Benzinga | Jul 28, 2021 04:49PM EDT

Forrester Sees Q3 Adj. EPS $0.22-$0.28 vs $0.26 Est., Sees FY21 Adj. EPS $1.75-$1.85 vs $1.64 Est.

Forrester is providing third-quarter and full-year 2021 financial guidance as follows:

Third-Quarter 2021 (GAAP):

* Total revenues of approximately $114.0 million to $118.0 million.

* Operating margin of approximately 1.0% to 3.0%.

* Interest expense of approximately $1.0 million.

* An effective tax rate of 31%.

* Earnings per share of approximately $0.01 to $0.07.

Third-Quarter 2021 (Adjusted):

Adjusted financial guidance for the third quarter of 2021 excludes stock-based compensation expense of $2.3 million to $2.5 million, amortization of acquisition-related intangible assets of approximately $3.6 million, and any investment gains or losses.

* Adjusted operating margin of approximately 6.0% to 8.0%.

* Adjusted effective tax rate of 31%.

* Adjusted diluted earnings per share of approximately $0.22 to $0.28.

Full-Year 2021 (GAAP):

* Total revenues of approximately $485.0 million to $495.0 million.

* Operating margin of approximately 6.0% to 7.0%.

* Interest expense of approximately $4.3 million.

* An effective tax rate of 31%.

* Earnings per share of approximately $0.85 to $0.95.

Full-Year 2021 (Adjusted):

Adjusted financial guidance for full-year 2021 excludes stock-based compensation expense of $9.5 million to $10.0 million, amortization of acquisition-related intangible assets of approximately $15.2 million, integration costs of $0.3 million, and any investment gains or losses.

* Adjusted operating margin of approximately 11.0% to 12.0%.

* Adjusted effective tax rate of 31%.

* Adjusted diluted earnings per share of approximately $1.75 to $1.85.